Coffee price surrenders to the resistance line stability – Analysis – 10-2-2021

Economies.com
2021-02-10 06:23AM UTC

Coffee contracts’ price continued to form negative fluctuations due to its frequent negative stability below the major resistance at 129.50, to notice declining towards 122.55, expecting to resume the negative attempts in the near term period to target the moving average 55 at 119.00, followed by starting to renew the bullish attempts to repeat the pressure on the resistance in order to find a way to move to the bullish track in the upcoming period.

 

The expected trading range for today is between 124.50 and 119.00

 

The expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold hits fresh record highs, marking a 6% quarterly profit
2024-03-28 20:28PM UTC
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains ...
Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Gold Analysis

Commodities

End of day gold price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Gold price rallied upwards strongly to succeed touching our waited target at 2222.86$ and attempts ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...